The Global Temperature Sensors Market is expected to reach USD 6.13 billion by 2020,
according to a new study by Grand View Research, Inc. Increasing global demand
for smarter consumer electronics and automobiles is expected to favor market
growth over the forecast period. Temperature sensors are increasingly used in
smartphones and other consumer electronics to monitor their temperature and
enhance performance.
Basic temperature sensors include resistive
temperature devices (RTD), thermocouples, liquid expansion devices, silicon
diodes, infrared sensors etc. Additionally, fusion of communication, computing
and sensing is expected to drive the MEMS market, which is expected to benefit
global temperature sensor demand. Technological advancements and device miniaturization
also drive market growth. Need for ensuring safety and favorable regulatory
scenario is expected to fuel market growth over the forecast period. However,
intense competition and significant price cuts may restrain the temperature
sensors market over the forecast period.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/temperature-sensors-market
Further key findings from the study suggest:
·
Consumer electronics and environmental
applications are expected to grow at a considerable rate over the forecast
period. Temperature sensors are increasingly used standalone or integrated with
diverse equipment. This technology is spurred by factors such as low cost and
power and wireless connectivity. Introduction of new raw materials such as
polymers is expected to lower the weight, size and cost of electronic devices.
·
Sensors are used in wide range of
applications such as consumer electronics, automotive, process industries etc.
owing to easy equipment integration. Temperature sensors are increasing used in
automotive applications such as cylinder head temperatures, coolant, and air
intake. Therefore, rise in automobile production is expected to favor market
demand. Temperature sensors are also used in HVAC, environmental control, food
processing, medical devices and chemical handling applications.
·
The Asia Pacific temperature sensors market
accounted for over 30% of the global demand and is expected to grow at a
considerable rate over the next six years. The regional market is expected to
be driven by advancements in sensor technology and demand for high-performance
sensors that can be fitted into handheld portable devices. China is expected to
be the largest contributor to regional market revenue generation over the next
six years.
·
Key market participants include ABB, Delphi
Automotive, Analog Devices Inc., Siemens AG, Freescale Semiconductor, Honeywell
International, Texas Instruments, NXP Semiconductors, Panasonic, etc. Honeywell
serves various industries including aerospace & defense, medical,
transportation, industrial etc. Key players are increasingly moving their manufacturing
facilities in countries with economical labor particularly in Asia Pacific to
reduce their overall cost. Cost effective and differentiated services are
expected to be a critical success factor for the industry participants.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/sensors-and-controls
Grand View Research has segmented the
global temperature sensors market on the basis of application and region:
Temperature Sensors Application Outlook (Revenue, USD
Million, 2012 - 2020)
·
Automotive
·
Consumer Electronics
·
Environmental
·
Healthcare & Medical
·
Process Industries
·
Others
Temperature Sensors Regional Outlook (Revenue, USD
Million, 2012 - 2020)
·
North
America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
o India
·
RoW
o Brazil
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-temperature-sensors-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
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